The customers today know about their prerequisites and don’t have any desire to spend additional efforts and time on shopping and that too without trading off the quality. Hence, to keep the customers engaged, the store proprietors need to keep the store outfitted with the most recent methods. The merchants also do this to bring forth new customers. One such measure that is in trend for some time is transforming the store into Multi-Seller Marketplace. Hence, having a Marketplace is more similar to the experience of having an actual online shopping center. Similarly in a Magento 2 Marketplace, multiple outsider sellers list and sell their wide assortment of merchandise at the Marketplace. The seller can sell their products at the Marketplace in return for the seller commission payable to the customers.
To upgrade the straightforward online store into a completely practical Marketplace, Knowband offers a Multi-Seller Marketplace module for the e-store proprietors. Further, using theMulti-Vendor Marketplace module, an eBay-like marketplace can be made in a couple of basic clicks. Knowband’s Multi-Seller Marketplace Module offers mobile app compatibility. Hence, using the mobile app module, the store proprietor can fabricate Android and iOS mobile app for the customers.
Key benefits of the Magento 2 Marketplace Module
Update seller requests
Magento 2 Multi-Vendor Marketplace module empowers the admin to track and update the seller account request and seller profiles from the back interface of the store. Moreover, the list of sellers selling the products at the Marketplace can be effectively checked from the admin panel.
Set global commission
Using Multi-Vendor Marketplace Module the store proprietor can set a worldwide or individual commission for the sellers. Moreover, the Magento 2 multi-Seller Marketplace offers the class level commission usefulness to the store admin.
Track seller transaction
Magento 2 Multi-Vendor Marketplace Module permits the admin to follow the general transaction of sellers and earnings from the back-end of the Multi-Seller Marketplace module.
The Marketplace module offers a straightforward registration measure. Seller account requests get listed in the admin panel of the store for approval.
Review and rating procedure
Customers can present their reviews and ratings from the front end of the Magento 2 Multi-Seller Marketplace module. Last, the feedback admin can approve or dismiss the seller reviews from the admin panel.
Product approval by the admin
The sellers can add more products and categories to the marketplace. However, they have to be approved by the admin first. Hence, the admin can do it from the admin panel of the Magento 2 Marketplace Module.
Handle payout requests
The admin can track the payout requests. Moreover, he can do it from the Transaction payout request tab of the Magento 2 Multi-Vendor Marketplace Plugin.
Using the membership plan include store admin can begin a subscription-based service. Sellers at the Marketplace, new sellers, and the current sellers should purchase a membership plan from the store admin to add their products to the Multi-vendor Marketplace. The admin can add multiple Membership plans from the admin panel of the Magento 2 Multi-Seller Marketplace Module. Sellers according to their prerequisites need to buy a membership plan. The membership plan purchased by the admin will choose the legitimacy of the products listed.
The low stock notification informs about the unavailable products
The low stock notification highlight of the Magento 2 Multi-Seller Marketplace module permits the sellers to get a notification for unavailable products.
In the end
Knowband offers the Multi vendor Marketplace plugins for other platforms as well in case you have PrestaShop and OpenCart platforms. Last, to know exhaustively about the working, installation and other highlights go ahead and refer to the User Manual.
In the event of any uncertainty or confusion in regards to the Magento 2 Multi-Seller Marketplace module, please contact us at support@Knowband.com.